Minaxi Textiles Ltd share price: With the constant market decline there was a massive increase in shares that were priced at pennies on Thursday.
One of these shares is Minaxi Textiles, a textile sector business. Minaxi Textiles shares increased around 15 percent before the price was at Rs 2.
On the 9th of January 2024, the share price increased to 2.21. This was the 52-week high that the company has ever had.
The price of the share on the 10th of July, 2023 was 1.21 which is a 52-week low.
What Is The Pattern Of Shareholding?
Concerning the shareholding structure of Minaxi Textiles, promoters hold a 37.98 percent stake during this September quarter.
The stake in public shareholding totals 62.02 percent. There are three promoters with 18768547 shares. Dinesh Kumar and Kriti Kumar Patel own a total of 89,604,454 shares.
How Much Return Can Be Anticipated?
Minaxi Textiles shares have given dividends of more than 40 percent to investors over six months.
However, returns for the one-year and two-year time frames were negative. In contrast, the return for three years was positive by 230 percent.
About Minaxi Textiles Ltd
Minaxi Textiles Limited came into existence in 1995. Minaxi Textiles Limited is involved in the weaving of synthetic gray fabrics for suits and shirts.
The company also provides uniforms for the government and various other departments. Minaxi Textiles Limited has a 30-year agreement to weave linen together with Aditya Birla Group.
Minaxi Textiles Limited also covers the textiles market locally in the largest cities in India.
The company’s founder Kanubhai Patel was chairman and Managing Director of the company from 2006-2007 when he retired.
Fundamental Analysis of Minaxi Textiles Ltd
| Market Cap | ₹ 9.89 Cr. |
| Current Price | ₹ 2.00 |
| 52-wk High | ₹ 2.21 |
| 52-wk Low | ₹ 1.21 |
| Stock P/E | — |
| Book Value | ₹ 1.26 |
| Dividend | 0.00 % |
| ROCE | -20.6 % |
| ROE | -68.6 % |
| Face Value | ₹ 1.00 |
| P/B Value | 1.59 |
| OPM | -7.14 % |
| EPS | ₹ -0.62 |
| Debt | ₹ 18.7 Cr. |
| Debt to Equity | 3.01 |
Minaxi Textiles Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹2.15 | ₹2.80 |
| 2025 | ₹3.12 | ₹3.45 |
| 2026 | ₹4.95 | ₹5.80 |
| 2027 | ₹7 | ₹10 |
| 2028 | ₹12 | ₹14 |
| 2029 | ₹22 | ₹28 |
| 2030 | ₹38 | ₹42 |
Minaxi Textiles Ltd Shareholding Pattern
| Promoters Holding | |
| Sept 2022 | 37.85% |
| Dec 2022 | 37.85% |
| Mar 2023 | 37.85% |
| June 2023 | 37.98% |
| Sept 2023 | 37.98% |
| Public Holding | |
| Sept 2022 | 62.16% |
| Dec 2022 | 62.15% |
| Mar 2023 | 62.16% |
| June 2023 | 62.02% |
| Sept 2023 | 62.02% |
Minaxi Textiles Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 44.38 Cr |
| 2020 | ₹ 16.72 Cr |
| 2021 | ₹ 14.80 Cr |
| 2022 | ₹ 31.06 Cr |
| 2023 | ₹ 30.80 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 0.16 Cr |
| 2020 | ₹ 0.12 Cr |
| 2021 | ₹ -1.60 Cr |
| 2022 | ₹ -1.59 Cr |
| 2023 | ₹ -3.06 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.14 |
| 2020 | 1.36 |
| 2021 | 1.68 |
| 2022 | 1.75 |
| 2023 | 3.44 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 25% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -2% |
| 5 Years: | -13% |
| 3 Years: | -26% |
| Last Year: | -69% |
Sales Growth Over 10 Years:
| 10 Years: | -3% |
| 5 Years: | -12% |
| 3 Years: | 20% |
| Current Year: | -19% |
Company’s Negative Signs:
- The firm has a low-interest coverage ratio.
- The percentage of promoters who are part of the company is very low, at 38.0 percent.
- The company has experienced a poor ROE in the range of -25.5 percent in the last three years.
- The company has debtors with high amounts with a duration of 171 days.
Conclusion
This article is a complete guide about Minaxi Textiles Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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